Thank you!

The result will likely be soaring costs for hospitals, higher insurance premiums across the board, and an expanded community health crisis that we will ultimately pay for with the lives of the poor.

#medicaid #healthcare #insurance

More, 17 neighborhoods have both high Medicaid dependency (>20%) and significant transportation barriers (>15% with no vehicle access). Collectively, these neighborhoods are home to around 18,000 Medicaid recipients who will struggle even more to get care after cuts kick in.

Full map: city-work.maps.arcgis.com/apps/mapview...

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Analysis: Census tract-level data, per-household averages. Norfolk neighborhoods, 2022-2024. Simmons-MRI #debt #studentloans #finance #education

Does this U-shaped pattern reflect middle income borrowers earning too much for relief?

If only there was someway to abolish the whole thing...@debtcollective.bsky.social ⬅️ 👀

Between 2022-2024 student loan debt dropped unevenly across neighborhood income.

- Wealthiest neighborhoods: -$1,149 per household
- Poorest neighborhoods: -$716 per household
- Middle-income ($50-60K): Only -$433 per household

Richer neighborhoods carry nearly 2x student debt, poor neighborhoods face a crushing 50% higher debt burden relative to their income.

Raw debt follows income patterns:
Highest income quartile: $10k per household
Lowest income quartile: $5k per household

Relative burden tells the opposite story

Debt as portion of income:
Poorest 10% of neighborhoods: 18% of household income
Richest 10% of neighborhoods: 12% of household income

n.b. There are extremes & affluent households typically have more complex credit options.

Full report at www.citywork.io

#finance #rent #economy #urbanism #housing

The minimal 0.07% difference in late fee burden between high and low-income households suggests that financial management patterns are more similar across income levels than commonly assumed.

"Financial literacy" is another way of blaming the poor for being poor.

Looking at credit card late fees: Households earning $100K+ pay 0.52% of their income in late fees vs. 0.59% for $30-40K households.

Affluent majority-homeowner, mostly White, areas showed the greatest increases. Even when adjusting for debt-to-income ratios.

High-renter areas: $35 debt increase
Mixed-tenure areas: $240 increase
Low-poverty areas: $332 increase
High-poverty areas: $98 increase

Credit card debt distribution in Norfolk contradicts dominant narratives linking financial stress to neighborhood poverty levels.

2023-2024 data shows counterintuitive patterns.

Contrary to expectations, high-poverty, renter-heavy communities did not see the largest increases in credit card debt.